The S&P 500 futures currently trade 77 points below fair value as tech stocks face another session of substantial pressure. U.S. Treasuries, meanwhile, are off to a hgiher start amid some safe-haven buying, with the 10-year note yield down seven basis points to 4.92%.
Just released, the Q3 Employment Cost Index increased 0.8% (Briefing.com consensus 0.8%), from a prior increase of 0.9%.